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20130131
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Search Results 0 to 43 of about 44 (some duplicates have been removed)
more than 90 billion euros back into greece, spain, and portugal in the final quarter of 2012. that is a jump of 9%. the european central bank president has vowed to save the euro at any price. it is thought to have boosted investor confidence. well, here in germany, consumers are becoming increasingly confident about the future, and as a result, they are spending more money. most importantly, they are spending on big-ticket items and long-term investments like real estate. the record rise in consumer sentiment came after three straight months of decline. >> the latest survey, expectations of higher incomes and declining worries. domestic consumption has been playing a central role. >> germany's traditional -- traditionally known as a nation of savers, but right now, people love to spend. the labor market is robust, financial markets stable, and many consumers feel it is the right time to make big purchases like a new home. that is according to the latest survey of consumer analyst, gfk. respondents have given the overall economic outlook a big thumbs up. >> expectations for t
, international donors have pledged more than 1 billion euros for those displaced by the civil war in the country. united nations secretary general said the fund raising goal had been exceeded. >> representatives from nearly 60 countries met in kuwait to examine how to help with the millions of people who have fled the fighting within syria and the 700,000 who are refugees in neighboring countries. the french military advance against islamist fighters in northern mali continues to make rapid progress. emma the troops have taken control of the airport over the weekend. virtually unopposed, the -- two other cities of the weekend. the french are now negotiating with tuareg rebels, who say they have control. >> onto economic news, and financial markets have been on the rise these past few weeks as hopes have grown that the worst of the year of crisis has passed. today in spain, there's a reminder that things are very bad still for millions of people. revenue figures show spain sank even deeper into recession in the final quarter of last year with the economy contracting faster than ever. more than on
to add to the 93 million euros of aid it has already sent, both to help mali and neighboring countries like niger where tens of thousands of people have already taken refuge. >> moving to the czech republic and our voting has begun to let the country's new president. around 8 million voters are choosing between two candidates. the foreign minister, the heir to one of central europe's wealthiest aristocratic families. >> he is taking on the former prime minister, to replace the current president. the vote is the country's first direct presidential election with a final day of voting on saturday. the russian parliament has given its initial backing today to a bill that would ban what it calls homosexual propaganda. >> critics say the bill could lead to gay people being fined for demonstrating or even kissing in public. >> there were skirmishes ahead of the parliamentary vote. orthodox activists disrupted a protest by gay rights campaigners before it had even started. demonstrators against the bill say are just fighting for civil rights. >> i am liberal. i am for freedom for all. for gay
. investigators are saying that the bank manipulated the euro bor. it influences interest rates from everything on home mortgages to car loans. deutsche bank is under investigation for manipulating the libor, the more widely used london interbank interest rate. the dax finished within striking distance of two-year highs. our correspondent sent us this summary of the first trading day of the week. it is yet another unfavorable --, it is yet another unfavorable -- >> it is yet another unfavorable report about an investigation into deutsche bank. penalties could be hefty. still, people are quite relaxed. deutsche bank going up for the day. the trading day was relatively quiet and relaxed, but the level remains high. that high level is part of the reason why boom this bank -- the bundesbank says that germans are richer than ever before. half of the wealth -- the growth in wealth was attributable to the enormous rise in share prices. >> the dax finished down by 1/3 of 1%. the euro stoxx 50 pretty much flat. the dow trading down just slightly. the euro trading at a value of 1.3452. well, who is going
banking giant as it post more than 2 billion euros in quarterly losses. >> and tornadoes batter six u.s. states in the southeast of the country. >> syria has summoned the head of the united nations mission in israeli-occupied territory. the issue is an israeli air raid on what syrian officials say was a military research center near damascus. >> the arab league has also condemned the strike, but the actual target is still not exactly clear. some reports suggest a weapons convoy believe to be carrying russian-made anti-aircraft missiles from syria into lebanon. >> we will speak to an expert on the region later. first, this report. >> the israeli government has not issued any statement, but national papers are full of the news. u.s. officials say the raid targeted a weapons convoy headed for members of hezbollah, an ally of the syrian president. but the syrian government denied the existence of the vehicles, saying the israeli planes bombed a research center near damascus. russia says the facts are not yet clear but adds that any air strike would be completely unacceptable. >> we are an
is down in general. the dax loses 1% at the moment. the euro stoxx 50 is down by 0.75%, waiting for wall street, opening up significantly lower, and the dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and left in there after the collapse of communism. >> last year, official auditors point out that official stockpiles abroad have never actually been counted. >> plans are afoot to bring the bars back home, or at least some of them. >> at least he knows what he has in his hands -- his golden globe is nothing more than a thin layer of 24 karat gold covering up something much less precious, and there is no doubt about the quality of the gold in the bundesbanks e
taken. >> another factor comes into the selection -- money. the models cost between 300 euros and 3000 euros per day depending on how in-demand they are. if another designer can offer more, he will lose out. >> money is what it is all about. we come to a fashion trade fair to find out how the clothes get from the cat look to the store. it looks like we may be a bit early. they are still setting up. here they are -- the clothes we saw during the casting. they are being displayed by the sales agent responsible for selling the close to retailers. she is already looking at stress. -- a bit stressed. she said she has things to organize, and mitchell is not there yet. >> we take a look around the trade fair. there were 900 brands there. all kinds of styles, and lots of eccentric fashion bases. these clothes will not be in stores until next winter. it is a paradise for fashion diehards. it is exciting even for us. >> as the fare gets going, more and more buyers arrive from small boutiques and department stores. melanie is showing off her work. >> this is a collection from a berlin designer. >
of the health of the joint european currency, the euro. and whether, in fact, the european union as it has come to be known would remain with one of its largest members. prime minister david cameron earlier this week dropped a bomb that he was going to later in this parliamentary term in a couple of years put britain's continued membership in the european union to a vote. and right now the union is not very popular among british politicians. so perhaps feeling the heat at home, cameron is responding this way? >> and what about the relationship with angela merkel of germany who put a tremendous amount of her own personal credibility on the line to help prop up the currency? >> well, you know, britain has long brideeled-- bridled under the rules that accompany its membership in the european unionment and david cameron has been hinting that the price of staying might be negotiating a better deal for his country in some of the areas that the european union governs. >> well, angela merkel and other european politicians in response have said, wait a minute, britain can't work out os own special deal.
% of those surveyed would prefer the uk to leave the euro. >> i should have said leave the european union. britain can't leave that monetary issue. we'll have plenty more on the relationship between britain and europe. for now, we can look at the relationship with markets. the euro stoxx 6700 is down about 0.4% today. not a done of differentiation. the biggest gainer, interestingly, is monti paschi. some of the airlines are struggling, too, on the back of ryan air's results. now take a look at what's happening across the bourses. we're seeing somewhat again of a trading pattern here after the last several trading sessions where it's not consistent. we'll get those up for you just as soon as we can. today, it's down pretty much across the board. the ibex shedding 0.12%. the cac 400.15% the. the xetra dax is also down 0.1%. the ftse 1100, same thing. pretty consistent story across these indexes here. it's a big week for earnings, too. in the meantime, let's take a look at the bond wall. it's been interesting, actually, to see the lack of action, lack of attention markets have been paying he
cliff, is euro going to explode, so many covers of the euro bursting into flames. >> is japan going to get washington, d.c. into the sea or will this incredible debt burden just crush them? and the fact is that for the last four years, all of those risks, every single one has been overstated, overstated by people in the marketplace. emerging markets are actually much more unstable than that and yet. >> they are thought unstable. >> they are responsible to for two-third of the world's growth, about three quarte by e e of the decade, and yet these are countries that are much more volume tile, volatile and much more opaque. >> rose: let's talk about who they include, china, india, brazil, and turkey and -- >> some of them are doing reasonably well, some include the bricks but three of the bricks bricks are facing head wind greater than we have seen in the united states, not brazil, which is developing increasingly becoming more regularized but in the china and russia, and i go back to the beginning. >> ros the risk is what going to hpen to them? >> the risks are different for differen
the fact that the euro crisis has calmed to the point that investment is possible again in troubled countries. >> in a global economy the face of companies like schuler is tied to markets throughout the world. for now the mechanical engineers say that they can count on strong demands, especially from china. >> if i don't think we have reason to be pessimistic. businesses always connected to psychology. i think that lots of german companies are in a very good position and the demand for many products, in the machine and equipment area, is extremely high and it will remain so. >> german engineering firms head into the new year with confidence a sign the job market will remain stable in the months ahead. >> if you are looking ahead with optimism to the new year you are not alone. pope benedict predicts peace will prevail in 2013. >> the pontiff made his upbeat forecast to mark the catholic church's world day of peace. he was convinced of humanity's capacity to live without conflict despite the inequality and terrorism afflicting many parts of the world. >> yeah. there is one such confl
's human rights council. bbc news in moscow. >> stocks rose today as the euro hit an 11-month high. investors took heart that europe's financial crisis may have eased. it is ironic as the situation improves, the real economic situation for many europeans its worst -- gets worse. the british economy shrunk more than expected. the belgian economy is just as bleak. throughout northern and southern europe, the fear is losing your job. >> the fire has been burning for three months fell, who arming the striking workers. they are the latest victims of europe's economic crisis. say goodbye to the sprawling ford factory in eastern belgium. it is shutting down. with europe in recession, they are not selling enough vehicles. >> is a disaster for the region. 11,000 jobs were lost. we hope there are other jobs. >> i am feeling very insecure. i am feeling very insecure for the future. >> insecure and angry, which is why the workers have impounded 7000 cars. it is a new bargaining chip in their negotiations. what is happening shows how the eurozone debt crisis is becoming an economic and social c
center, and, oh, yes, the pound sterling at odds with the euro. markets up more than 4% year to date. my next guest says while some investors are still on the sidelines, we're beginning to see a little bit more interest. joining us now with his outlook for the markets and the economy, of course, chief investment strategist for ubs wealth management, mike ryan. mike, good to have you here. >> good to be here. lou: a lot of fun in the european union. start there. we're not hearing so much about the collapse of the e.u., david cameron has other ideas, but the reality seems to be that things are quieting down a bit over there and not influencing our markets nearly so much. >> i think that's fair. i think what we're seeing, really, in the eurozone is an absence of mall las. the last couple years, an existential crisis, would the euro and player survive? a lot has been taken off the table by the posture of the european central bank saying we're standing behind the sovereigns. where does the growth come from? the real extreme risk event is eliminated. lou: and implied or at least indirectly bac
of the euro and to some degree make monetary policy tighter over here. we can quickly look at the bond space. italy did go to auction as we continue to see reasonable demand for peripheral debt. the paper is selling off a little bit, but still 4.17%. investors showed up to bid on the two-year zero coupon and the five-year inflankz flagz linked bond. italy and spain continue to front load. forex, though, telling you more of this story, which is that interestingly fluff, we're seeing kind of a risk off attitu attitude. the same has been the case for loony, which now people are starting to talk about in parity with the u.s. dollar. the dollar/yen, down about 0.3% to 90.62. the euro/dollar, 1.3446. so even though it's difficult, the u.s. dollar, guys, has been performing a little better over the last couple of weeks helped by renewed growth prospects. it's one reason why a lot of people are focused on the see kweter, that chatter over the weekend about it happening could put more pressure on the greenback. back to you guys. >> kelly, thanks so much. next time, you should fly over. >> what happen
mechanism in order to protect the euro. now we have it. now it is in place. and that's an excellent advantage. on the other hand, for financial and fiscal solidity we have the so-called fiscal compact. this, too, is in force ever since the beginning of this year, and there's now a particular point where we have to continue working, so we have improved fiscal consolidation, we have better, binding commitments, better tools, we have better mechanisms. we also have as regards banking supervision made considerable progress as of 2014, we will have a banking supervision in place in the eurozone in which, obviously, also other european countries can participate. but we're still lacking, and that's something that we need to do this year, 2013, is to see to it that over the next few years to come we also have a convergence in competitiveness within the common euro area. so not somewhere where we are sort of, um, expecting the lowest common denominator, but competitiveness that measures wealth against the best of us and against the best on the global markets. and showing us access to global
currency. the euro is the alternative and look at the problem they are having there. the dollar has gone down in value by 50% against the euro in the last decade. that's because our debt tripled in that amount of time 1971 the so-called nixon shock of wage and price controls and the gold standard ever since then since there has been dollar inflation. it has been fairly consistent in terms of its value, hasn't it? >> no. it's done with up and down. like i said, it's t. lost a tremendous amount of value against the euro. and the issue is the fed just prints money. it just keeps interest. in for the economy. there is going to be inflation. prohibited oddly enough in richard virginia. there you go. look at these. v.a. is going to spend $22,000 to study a virginia alternative currency. that kind of a waste of taxpayer money? >> you know, in a way it is. the issue is we have had, before we haven't just had the dollar forever. at one point, in 1836, there were every state had its own bank note. and there were 16,000 chartered types of currency. so easy to counterfeit. it d bs didn't work at all
they might be overwhelming like the euro crisis have been weathered. people from america are optimistic. those from emerging markets more so, but everywhere there is a sense of caution. in pwc's annual global ceo survey released this week, 52% saw no change from the current tepid economic environment. 28% saw decline and 18% said things will get better. it is still an improvement from last year when 48% predicted a decline. the last few years of recovery followed by slow downs of political crisis, of new terror attacks from north africa have made people weary of excessive optimism. things are stable, crises have been contained, there's some growth on the horizon, but no one's ready to declare that we've turned any corners. there are no bulls in davos. no countries taking center stage. one symbol of the mood, the big splashy parties that companies like google used to throw have been quietly discontinued. not that google couldn't afford it, by the way. they just had their first year with $50 billion in revenues. underlying this caution, i believe, is a sense that growth that people had go
of six points. the euro gaining, and that helmont about a percent on the dollar, which finished at a 52- week low as a matter of fact. gold finishing up over $19 during today's trading session. u.s. be chief economist maury harris joins us now. meanwhile, immigration and customs enforcement suing the government for refusing to let the men forced the law. nationalize council is also here. and israel unilaterally attacking key syrian assets and an overnight bombing. former pentagon official is also our guest tonight. would you want to begin with the u.s. economy shocking the experts in shrinking for the first time since the recession. fox news iran house correspondent has our report. >> less than two weeks that the president said his second inaugural address that an economic recovery had begun to let the congress -- commerce departments and not so fast. slow growth slashed economic growth from three pa 1% to-1 to the persons in the fourth. they downplayed the report and give republicans part of the blame. >> consumer spending has been rising. >> comments about using the threat of across-t
. he has discussed the euro review, including all -- the thorough review that has been undertaken by the u.s. government to determine whether the individual poses a threat. to recap, the standards that i have described today or which we have strengthened over time reflect our commitment to ensuring the individual is a legitimate target under the law , determining whether he poses a threat to u.s. interest, determining whether the capture is feasible, our ability to act unilaterally in foreign territory, having a high degree of confidence both in the identity of the target and making sure innocents will not be harmed, and engaging in additional review. going forward, we continue to strengthen and refine the standards. as they do, we look to institutionalize our approach more formally so that the high standards we set for ourselves into her over time -- ednndure o ver time. as the president said, america must be the bearer of standards. we need to have greater conspiracy. i have made a sincere effort to address the main question that citizens and scholars have raised regarding the u
for that meeting. we are in a moment where everything seems to convict on the euro crisis. the amount of money on the tivo keeps shrinking. the sense of generosity is shrinking and we've seen, since to decimate the financial crisis, ever greater dependency on one sowers, the united states government, which is now i think about 60% of support for international hav effort. what does this mean for you in terms of trying to court may tickle the response? >> i think it's very important. peter said something. he said the world is changing. 10 years ago when we were talking about elements, africa was nowhere. every office seeks 7%, even highest growth rate for thanking god that 15%. we're not talking about emerging nation, china, presale is a key player in the new global government system. so for me, what is important today is what we are trying to push us to share responsibility, saying the world is changing. the development paradigm we have been using until now. so what we are trying to push a spring and different players. we have been able to work with the chinese and the chinese now are paying fo
journal news to the euro news in less than seven days. they don't give a damn. they issued a public statement linking the atros it that happened in connecticut. anybody with any sense our heart goes out. you do everything we can. >> gregg: why did they do that. you mentioned a statement given by janet hassen who is publisher issuing a statement. armed guards, one of our rules is to reported publicly available information on timely issues. we knew publication of a database would be controversial but we felt sharing information about gun permits on the air it was important in the aftermath of the newtown shooting. as a justification -- does that even make sense? >> doesn't make any sense whatsoever. they did it to sell papers and this is violation. this is an unwarranted invasion of privacy. freedom of information is to have an open, accountable government. not to invade people's privacy. i have victims of domestic violence who went off the grid to protect themselves. they were exposed a couple days before christmas by this editorial board. our cops, police officers, they put gang mem
chaotic place right now. you have a people associated with the arab spring. you have the euro crisis. you have a global recession. you have a rising china. it is a very a out of world right now. i'm not sure that it's going to be less -- it is a very chaotic world right now. i'm not sure that it's going to be less chaotic if we pull back, because bad actors will fill that power vacuum. host: james kitfield of the "national journal." caller: google james morris, r ussia today, you will see that it is a spinoff --sia russia today, you will see that it is as enough -- a spinoff. guest: they kind of backed the idea that assad just stay in power. israel likes the status quo. the arab spring totally reshuffles the strategic calculus for israel, especially with the peace treaty. the israelis are very nervous about a lot of the repercussions from the arab spring. are they pushing for this rebellion that gets rid of assad? not to my knowledge. it has been really focused on the shiite gulf countries like saudi arabia -- sunnis in the saudi arabia. saudi arabia, qatar, and others have been very wo
thing i'm not really afraid of us in this world are the rating agencies. >> only because the euro is so weak, the chinese are where they are. we can't depend on the rest of the world being feckless forever. >> people like me have been saying for five years, don't worry about these deficit things for the time being. they're not an issue. other people have saying imminent crisis, imminent crisis. how many times do they have to be wrong and do people like me have to be right before people start to believe in us? >> you're right until the day you're wrong, and that's a bad day. >> and he's on the sides of buses in spain. there we go. >> he's huge! >> paul krugman. >> thank you so much. >> this is fascinating. you've got to come back. it's great to have such diversity of thoughts. i'm serious. >> come back. >> spirited. >> the book is "end this depression now!" out in paperback. read it. we'll talk about it more. >> you're too early in the morning. >> you think so? >> yeah. >> why? >> the viewers may like it, but i don't. >> class doesn't start this early. >> oh, my goodness. >> we'll have y
years and for some reason the jury saw fit to give him nine years of grace. freddie, ma a 21 euros, son of a military man, he had gone to school, was in college, got a 25 year since. he asked his father way he should take a plea, and his father said look, if you're innocent you need to prove, get your day in court and go to trial and prove it. the son took his word, went to trial and got a 25 year sentence instead of a five year plea sends, since he would've gotten had he planned. the stories went on and on, and quickly, i probably most certainly would've done exactly if i had been in the same situation, people start to say we can get a fair trial, we are going to start to take place but to take place but i do have many of you know, but again tv makes it seem like everyone goes to trial. in the federal system over 95% of the cases actually get resolved. very few of them go to trial. in the state system, it's not quite as high but it is still very, very high. and so my clients started to quickly, they weren't my clients get what they started to take pleased to basically prison just becau
Search Results 0 to 43 of about 44 (some duplicates have been removed)